According to the Articles of Association of NoHo Partners, the Board of Directors shall be composed of five to seven members elected by the Annual General Meeting.   

The term of a member of the Board begins at the end of the Annual General Meeting (AGM) in which he or she has been elected and expires at the end of the AGM following the election. The Board of Directors or Annual General Meeting elects the Chairman. 

In the composition of the Board of Directors, the goal is to appoint members with diverse and complimentary industry and market experience, expertise and professional and educational backgrounds as well as from both genders, so that the diversity of the Board of Directors supports NoHo Partners’ business and future in the best possible way. The diversity enables a variety of views in decision-making and ensures high-quality operation as well as promotes efficient monitoring of management. 

At the end of 2024, 17% of NoHo Partners’ Board members were women and 83% men. 

The AGM 2024 elected the following six individuals to the Board: 

Timo Laine, Chairman 
Timo Mänty, Vice-Chairman 
Mika Niemi 
Petri Olkinuora 
Kai Seikku 
Maarit Vannas 

The Board of Directors evaluates the independence of its members annually and reports which Board members it defines as independent of the company and of significant shareholders. 

Of the Board members, Timo Mänty, Maarit Vannas, Petri Olkinuora and Kai Seikku are independent of the company and of significant shareholders. Of the Board members, Timo Laine and Mika Niemi are not independent of the company and of a significant shareholder. 

Up-to-date information of the shares owned by the Board members can be found here.

NoHo Partners shares owned by the members of the Board on 31 Dec 2024

_{*Member of the Board since 10 April 2024}

The shareholdings include the Company’s shares owned by the Board members and by any potential corporations over which a Board member exercises control. 

The Board of Directors has general authority in all the company’s matters that have not been designated by law or the Articles of Association to be decided or implemented by other bodies. The Board of Directors is responsible for the company’s administration and the proper organisation of its operations. The Board of Directors confirms the company’s strategy, risk management principles and values observed in the company’s operations, approves its business plan and decides on significant investments. In addition, the Board of Directors’ tasks include assessing the independence of the auditor and the non-audit services. 

The operations of the Board of Directors follow current legislation, guidelines issued by the stock exchange, other official regulations and the company’s Articles of Association. 

Since 2008, the Chairman of the Board of Directors has been Timo Laine. The work of the Board of Directors is organised in accordance with the currently valid rules of of procedure of the Board of Directors.

In 2024, the Board held 14 (16) meetings. Some of the meetings were held by e-mail or telephone. In addition to the Board members, meetings are attended by the CEO, Deputy CEO, CFO, the secretary of the Board and, when necessary, separately invited persons. 

Members attendance at Board meetings in 2024

_{*Member of the Board since 10 April 2024
**Member of the Board until 10 April 2024}